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Can we possibly get a mortgage?
africk01
Posts: 1 Newbie
My wife and I just moved to pittsbugh after traveling the world for the past 3 years. We previuosly owned a home in Albuquerque and sold it before we left. We. Both have excellent credit near 800. We have zero debt, no credit card debt, own our vehicles. We have enough money invested in mutual funds to buy a home outright but dont want to cash out and would prefer to get a mortgage and only take out what we need for down payment. We are looking at homes around $120,000 and would put down around $15,000. We are renting and our rent is way higher than our mortgage would be. I am only working part time and earn $1000/ mo. My wife has just started a new job that is commission only so her income is minimal. I cant stand renting and living in an apartment. What chance if any do we have under our current situation?
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Comments
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You are on the wrong forum on the wrong side of the AtlanticI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
It's a .com isn't it?
Therefore it must be Merican...I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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